WP Glimcher Inc. (WPG) Shares Bought by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. increased its stake in shares of WP Glimcher Inc. (NYSE:WPG) by 1.8% during the second quarter, Holdings Channel reports. The institutional investor owned 328,343 shares of the real estate investment trust’s stock after buying an additional 5,791 shares during the period. UBS Asset Management Americas Inc. owned 0.17% of WP Glimcher worth $3,674,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of WPG. Hancock Holding Co. bought a new position in WP Glimcher during the first quarter valued at about $101,000. Creative Planning boosted its position in shares of WP Glimcher by 411.9% in the second quarter. Creative Planning now owns 9,198 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 7,401 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of WP Glimcher by 7.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,224 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 801 shares during the period. BlackRock Japan Co. Ltd boosted its position in shares of WP Glimcher by 0.9% in the first quarter. BlackRock Japan Co. Ltd now owns 13,841 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 128 shares during the period. Finally, LS Investment Advisors LLC boosted its position in shares of WP Glimcher by 65.4% in the second quarter. LS Investment Advisors LLC now owns 12,429 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 4,913 shares during the period. Institutional investors and hedge funds own 92.85% of the company’s stock.
WP Glimcher Inc. (NYSE:WPG) traded up 0.81% during midday trading on Friday, reaching $12.38. 1,584,721 shares of the company’s stock were exchanged. The firm’s market capitalization is $2.29 billion. WP Glimcher Inc. has a 52 week low of $7.41 and a 52 week high of $14.15. The firm’s 50 day moving average is $12.95 and its 200 day moving average is $11.37.
WP Glimcher (NYSE:WPG) last posted its earnings results on Thursday, August 4th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05. WP Glimcher had a negative return on equity of 4.64% and a negative net margin of 6.50%. During the same period last year, the firm earned $0.48 EPS. On average, equities analysts anticipate that WP Glimcher Inc. will post $1.79 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Shareholders of record on Friday, September 9th were paid a $0.25 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $1.00 annualized dividend and a yield of 8.08%. WP Glimcher’s dividend payout ratio (DPR) is presently -217.39%.
WPG has been the topic of several recent research reports. Zacks Investment Research upgraded shares of WP Glimcher from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Goldman Sachs Group Inc. cut shares of WP Glimcher from a “buy” rating to a “neutral” rating in a research note on Friday, July 15th.
About WP Glimcher
Washington Prime Group Inc, formerly WP Glimcher Inc, is a real estate investment trust (REIT). The Company is engaged in ownership, development and management of retail real estate properties. Washington Prime Group, L.P. (WPG L.P.) is the Company’s subsidiary that owns, through its affiliates, the Company’s real estate properties and other assets.
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